Tekna receives major orders for titanium MIM powder totalling CA$5.2 million
Tekna Holding ASA, headquartered in Sherbrooke, Quebec, Canada, has announced it has received three orders, valued at a total of CA$5.2 million (US$3.7 million), for titanium powder used in Metal Injection Molding. The orders are scheduled for delivery in 2025 and 2026.
“These sales have historically been strong contributors to our cash flow, and it is reassuring to now have multiple customers for this material, signalling an increase in demand and potential for margin improvement,” said Luc Dionne, CEO of Tekna.
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The three customers are reported to be Tier 1 component manufacturers based in Asia. They plan to use the titanium powder to mass-produce sub-components such as digital watch cases, hinges, and buttons.
Rémy Pontone, VP Sales and Marketing, added, “These orders are for material consisting of smaller particles from our existing powder production, which is partly available in our inventory and partly from ongoing production. It plays a key role in our strategy to maximise sales from Tekna’s entire production yield. Through collaboration with our customers, we have successfully qualified this smaller cut size for MIM, improving resource efficiency, increasing sales yield, and significantly expanding our market share within the consumer electronics components industry.”
